Language:
English
Pages:
Online-Ressource (1 online resource (42 p.))
Edition:
Online-Ausg. World Bank E-Library Archive
Parallel Title:
Seethepalli, Kalpana How Relevant Is Infrastructure To Growth In East Asia?
Keywords:
Banks and Banking Reform
;
Communities & Human Settlements
;
Externalities
;
Finance infrastructure
;
Governance
;
Governance Indicators
;
Infrastructure development
;
Road
;
Road infrastructure
;
Roads
;
Sanitation
;
Tax
;
Transparency
;
Transport
;
Transport
;
Transport Economics, Policy and Planning
;
Urban Development
;
Urban Services to the Poor
;
Urban Slums Upgrading
;
Banks and Banking Reform
;
Communities & Human Settlements
;
Externalities
;
Finance infrastructure
;
Governance
;
Governance Indicators
;
Infrastructure development
;
Road
;
Road infrastructure
;
Roads
;
Sanitation
;
Tax
;
Transparency
;
Transport
;
Transport
;
Transport Economics, Policy and Planning
;
Urban Development
;
Urban Services to the Poor
;
Urban Slums Upgrading
;
Banks and Banking Reform
;
Communities & Human Settlements
;
Externalities
;
Finance infrastructure
;
Governance
;
Governance Indicators
;
Infrastructure development
;
Road
;
Road infrastructure
;
Roads
;
Sanitation
;
Tax
;
Transparency
;
Transport
;
Transport
;
Transport Economics, Policy and Planning
;
Urban Development
;
Urban Services to the Poor
;
Urban Slums Upgrading
Abstract:
This paper seeks to shed some light on the extent to which infrastructure sub-sectors - energy, telecommunications, water supply, sanitation, and transport - contributed to growth in East Asia during 1985-2004. It also attempts to provide additional insights on whether the relationship between infrastructure and growth depends on five additional variables: the degree of private participation in infrastructure, the quality of governance, the extent of rural-urban inequality in access to infrastructure services, country income levels, as well as geography. The findings show that greater stocks of infrastructure were indeed associated with higher growth. However, a more nuanced look at the sensitivity of infrastructure impacts on the five additional variables yields different results, with some sectors supporting conventional expectations and others yielding mixed or counter-intuitive results. In particular, the telecom and sanitation sectors yield statistically significant results supporting the a priori hypotheses; electricity and water infrastructure provide mixed results; and road infrastructure consistently contradicts a priori expectations. The results are consistent with the widely-accepted idea in policy research that infrastructure plays an important role in promoting growth, as well as with the viewpoint that certain countries' endowments influence the growth-related impacts of infrastructure
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